November 6, 2013 7:06 PM

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Gross direct tax collections surge 11.6 per cent

The government's gross direct tax collections rose 11.6 per cent, to 3.37 lakh crore rupees during the April to October period of the current fiscal. The government had fixed a direct tax collection target of 6.68 lakh crore rupees for 2013-14, envisaging a growth of 19 per cent. Gross corporate tax collection increased 8.2 per cent during the first seven months of this fiscal, the Finance Ministry said in a statement today. Gross collection of personal income tax rose 17.9 per cent, during the period. Net direct tax collections rose 13.3 per cent. Securities Transaction Tax mop-up stood at 2,645 crore rupees. And wealth tax collection grew 5.9 per cent, to 560 crore rupees during the seven month period.

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